Main Street Registry

R&b Pickles Longwood, LLC

Longwood, FL · Full-Service Restaurants · NAICS 722511

R&B Pickles Longwood, LLC is a full-service restaurant located in Longwood, Florida, classified under NAICS code 722511. The company was financed with an SBA 7(a) loan for a change of ownership of $881,000, approved on February 20, 2025, through Seacoast National Bank.

SBA 7(a) loan, change of ownership, approved Feb 20, 2025

$881,000 approvedLender: Seacoast National Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$881,000
SBA-guaranteed amount
$660,750 (75% of the approval)
Lender
Seacoast National Bank, Stuart, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
February 20, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,521 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 26, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Seminole County, FL
SBA district office
North Florida District Office
Congressional district
FL-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 41% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in Florida: $1,808,559.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Florida